This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Boohoo.Com (BOO.L) – Has delivered a strong trading performance since group's trading update on 10 January. Expects group revenue growth for year to 28 Feb to be around 50%, ahead of previously guided range of 46% to 48% to deliver an adjusted EBITDA margin at top end of previously guided range of 11% to 12%. Closing Price 146.75p (Reuters)
BT Group (BT.A.L) – Ofcom plans to cut bills by at least £5 a month for BT customers that only have a landline. More than two million people who buy only a landline telephone service from BT would see monthly bills cut: Ofcom. Sharon White, Ofcom Chief Executive, says, “line rental has been going up, even as providers’ costs come down." Closing Price 330.80p (Bloomberg)
Fresnillo (FRES.L) – Full year revenue $1.91bn ($1.9bn expected); EBITDA $1.03bn ($998.2m exp.); full year profit $425m; final dividend 21.5cents p/share. Sees gold production for 2017 at 870-900k oz and Silver production at 58-61m oz. 2018 silver production target of 65m oz. Closing Price 1486p (Reuters / Bloomberg)
Go-Ahead Group PLC (GOG.L) – Issues a profit warning to shareholders after its H1 pretax profit falls 12% to £67m. Full year expectations lower on weaker volumes lower on buses and rail strikes. Closing price 2285.00p (Sigma Squawk/ Bloomberg)
Meggitt (MGGT.L) – Sees its full year pretax profit rise 13% to £352m versus a £310m y-o-y. It also saw revenue rise 4% ahead of expectations and arrive at higher end of anticipated range at £1.99bn against estimates of £1.91bn and a dividend increase of 5% to 10.3pp share. Closing price 416.10p (Bloomberg)
St. James's Place (SJP.L) – Posted full-year underlying profit before tax of £163.5m, in line with previous year, after increased income from its funds under management. Operating profit up 2% to £673.6m. Final dividend of 20.67p p/sh, up 20%. Seen record gross inflows of £11.4bn into its products in 2016, up from £9.2bn in 2015, to take total assets to £75.3bn, with net inflows of £6.8bn. Closing Price 1088p (Reuters)
Taylor Wimpey (TW.L) – Says they have made a very good start to the year. Revenue £3.68bn (£3.61bn expected), profit before tax and exceptional items £733.4M, up 22%. 10.9% increase in UK total average selling price to £255k (2015: £230k), total dividend 2.82pp share. Closing Price 178.40p (Bloomberg/Reuters)
Virgin Money (VM.L) – Showed its statutory pretax profit had increased 41% to £194.4m in the year through to dec up from £138m y-o-y with mortgage lending up by 20% and deposit balances up 12% whilst also increasing the dividend up 13% from 3.5pp share to 5.1pp share. Closing price 334.80p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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